Abstract

Although the aggregate amount of taxable money under management actually exceeds the value of tax-exempt money such as in pensions and endowments, far too often these assets are invested without proper consideration for taxes. The authors identify sources of taxable asset mismanagement and give methods of improvement. They also describe considerations for selecting a tax-efficient manager and give details of actually effecting a tax-efficient strategy. Lastly, the authors close with a roster of actions a taxable investor should and should not do.